Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Bought by Sei Investments Co.
Sei Investments Co. boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,873 shares of the semiconductor manufacturer’s stock after buying an additional 6,016 shares during the period. Sei Investments Co.’s holdings in Skyworks Solutions were worth $11,886,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SWKS. Winslow Evans & Crocker Inc. boosted its stake in shares of Skyworks Solutions by 3.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock valued at $104,000 after buying an additional 35 shares during the last quarter. Cleararc Capital Inc. boosted its stake in shares of Skyworks Solutions by 1.1% in the first quarter. Cleararc Capital Inc. now owns 4,544 shares of the semiconductor manufacturer’s stock valued at $445,000 after buying an additional 50 shares during the last quarter. First National Bank of Hutchinson boosted its stake in shares of Skyworks Solutions by 1.0% in the second quarter. First National Bank of Hutchinson now owns 6,774 shares of the semiconductor manufacturer’s stock valued at $721,000 after buying an additional 70 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Skyworks Solutions by 2.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,955 shares of the semiconductor manufacturer’s stock valued at $454,000 after buying an additional 113 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its stake in shares of Skyworks Solutions by 0.5% in the first quarter. Mason Street Advisors LLC now owns 25,554 shares of the semiconductor manufacturer’s stock valued at $2,504,000 after buying an additional 135 shares during the last quarter. Institutional investors and hedge funds own 81.19% of the company’s stock.
Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at 104.73 on Wednesday. The company’s 50 day moving average price is $102.45 and its 200-day moving average price is $99.38. The stock has a market cap of $19.24 billion, a price-to-earnings ratio of 20.10 and a beta of 0.82. Skyworks Solutions, Inc. has a 12-month low of $65.70 and a 12-month high of $112.11.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.05. The firm had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. Skyworks Solutions’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 earnings per share. On average, analysts forecast that Skyworks Solutions, Inc. will post $6.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be paid a dividend of $0.32 per share. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, August 4th. This represents a $1.28 annualized dividend and a yield of 1.22%. Skyworks Solutions’s dividend payout ratio is 24.57%.
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Several analysts have recently issued reports on the company. Craig Hallum increased their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Vetr cut Skyworks Solutions from a “buy” rating to a “hold” rating and set a $110.24 price objective on the stock. in a research note on Wednesday, June 7th. Canaccord Genuity reiterated a “buy” rating and issued a $117.00 price objective (up from $115.00) on shares of Skyworks Solutions in a research note on Saturday, July 22nd. Northland Securities reiterated a “buy” rating and issued a $115.00 price objective on shares of Skyworks Solutions in a research note on Friday, August 4th. Finally, Barclays PLC increased their price objective on Skyworks Solutions from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, April 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $109.28.
In related news, Director Christine King sold 3,500 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $108.84, for a total transaction of $380,940.00. Following the sale, the director now owns 16,436 shares in the company, valued at $1,788,894.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Liam Griffin sold 18,250 shares of the stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $101.88, for a total transaction of $1,859,310.00. Following the sale, the insider now owns 64,466 shares in the company, valued at approximately $6,567,796.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,806 shares of company stock worth $3,088,627. 0.49% of the stock is owned by company insiders.
Skyworks Solutions Company Profile
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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